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What is the present value of the following stream of cash flows that starts at the end of year 3 and grows at 4%
What is the present value of the following stream of cash flows that starts at the end of year 3 and grows at 4% annual rate forever? Assume that discount rate is r=7.3%. 0 1 2 3 4 5 |- PV=? 100 100 (1.04) 100 (1.04) Write your answer with one digit after the decimal point (everything is in dollars).
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